WASHINGTON H. SOUL PATTINSON AND CO. LIMITED (SOL)
Share Price Analysis and Chart

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SOL - WASHINGTON H. SOUL PATTINSON AND CO. LIMITED

FNArena Sector : Diversified Financials

Year End: July

GICS Industry Group : Diversified Financials

Debt/EBITDA: -31.65

Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Washington H Soul Pattinson is an investment house with a diverse portfolio encompassing multiple industries, including pharmaceuticals, mining, building materials and telecommunications. The company first listed on the Sydney Stock Exchange in 1903. It still owns a controversial cross-shareholding with Brickworks (42.7%/44.23%).

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$34.92 03 Apr 2025	-0.350 OPEN $34.76	-0.99% HIGH $35.12	621,975 LOW $34.55

TARGET

$36.20

3.7% upside

Franking for last dividend paid out: 100%

OTHER COMPANIES IN THE SAME SECTOR
B4P . BFG . CCL . CCR . CNI . CPU . CVC . EQT . EZL . FID . HMY . LFG . OBL . OFX . SGH .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	155.8	156.7	xxx
DPS (cps)	xxx	95.0	103.0	xxx
EPS Growth	xxx	- 28.8%	0.6%	xxx
DPS Growth	xxx	9.2%	8.4%	xxx
PE Ratio	xxx	N/A	22.0	xxx
Dividend Yield	xxx	N/A	3.0%	xxx
Div Pay Ratio(%)	xxx	61.0%	65.7%	xxx

Dividend yield today if purchased 3 years ago: 3.32%

DIVIDEND YIELD CALCULATOR

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 15/10 - ex-div 55c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD

Copyright © 2025 FactSet UK Limited. All rights reserved

Title	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	155.8
DPS All	xxx	xxx	xxx	xxx	xxx	95.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	557.6 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	2,492.2
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	429.3 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	89.45 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	5.63 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	5.39 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	4.94 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	5.63 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	-0.90 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-72.8 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	162 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	604 M
Total Debt	xxx	xxx	xxx	xxx	xxx	766 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	1,108 M
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	744 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	1.42

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Negative
Growth
Slowing

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	173.6 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	31.13 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	403 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	240 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	7,378 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Morgans	25/03/2025	1	Add	$36.20	3.67%	Morgans notes WH Soul Pattinson's 1H25 result showed a solid 10% increase in net cash flow from investments (NCFI) which it uses as a guide to the company's performance. The broker notes the company allocated more capital into private credit and private equity, with the private credit portfolio rising 73% y/y to $1.2bn on $266m additional capital. NCFI from credit portfolio rose 81% y/y and increased 108% y/y from private equity. The broker expects growth to continue in private credit with committed funds of $238m and additional opportunities. Target price cut slightly to $36.20 from $36.30. Add maintained. FORECAST Morgans forecasts a full year FY25 dividend of 103.00 cents and EPS of 156.70 cents. Morgans forecasts a full year FY26 dividend of 105.00 cents and EPS of 122.10 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Morgans

25/03/2025

Add

$36.20

3.67%

Morgans notes WH Soul Pattinson's 1H25 result showed a solid 10% increase in net cash flow from investments (NCFI) which it uses as a guide to the company's performance.

The broker notes the company allocated more capital into private credit and private equity, with the private credit portfolio rising 73% y/y to $1.2bn on $266m additional capital. NCFI from credit portfolio rose 81% y/y and increased 108% y/y from private equity.

The broker expects growth to continue in private credit with committed funds of $238m and additional opportunities.

Target price cut slightly to $36.20 from $36.30. Add maintained.

FORECAST
Morgans forecasts a full year FY25 dividend of 103.00 cents and EPS of 156.70 cents.
Morgans forecasts a full year FY26 dividend of 105.00 cents and EPS of 122.10 cents.

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EXTRA COVERAGE

Display All Commentary

No. Of Recommendations

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
No data available in table

Access Extra Coverage Research History >

SOL STOCK CHART

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Dividend Yield Today On Last Actual Payout :	2.76
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
Tell Me The Dividend After This Many Years

	Yield	Yield on investment
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WASHINGTON H. SOUL PATTINSON AND CO. LIMITED (SOL)
Share Price Analysis and Chart